Delhi HC Orders Seizure Of 129 BluSmart Vehicles

The Delhi High Court ordered seizure of 129 BluSmart electric vehicles over unpaid dues to vehicle leasing partners. Justice Yashwant Varma directed the EV cab aggregator to surrender the cars within two weeks following breach of lease agreements totaling INR 18.7 crore. The order comes as BluSmart faces financial strain from high operational costs and driver attrition. The court rejected BluSmart's plea for more time, noting repeated payment defaults despite earlier assurances. This development threatens to disrupt operations for one of India's few all-EV ride-hailing services. BluSmart is reportedly in talks with investors for emergency funding to clear dues and prevent fleet reduction. The case highlights the capital intensity challenges in EV mobility startups balancing growth with asset financing obligations.